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What does privatized mean?

Looking for the meaning or definition of the word privatized? Here's what it means.

Verb
  1. simple past tense and past participle of privatize
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Examples
They will be more gravely weakened if pension funds, an enduring locus of labor power, are privatized.
They differ mostly in the speed and aggressiveness with which government is privatized for corporate benefit.
After the fall of the socialist government, many inefficient industries were privatized.
To sell privatized pension plans to workers, Chile's fund managers hired miniskirted marketers to troll outside factories and office buildings.
Al Qaeda tried to infiltrate one privatized military field kitchen, in Afghanistan.
The government already has privatized pensions, telephone service, and electricity.

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